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Business News Summary Headlines

Company releases, economic news, and business coverage.

At Trump hotel in Washington, alternate reality: All is well

WASHINGTON - Donald Trump may be spending most of his days inside the frantic hurricane of the presidential campaign, but inside his new hotel in Washington, calm and luxury prevail.

Staff members offer impeccable service, serving Champagne to guests waiting to check in and preparing rooms with turned-down covers and bedside chocolates. Trump's son, Donald Trump Jr., says he's confident the Trump International Hotel fronting Pennsylvania Avenue a few blocks from the White House will be a place for both Democrats and Republicans no matter who wins.

Thursday, October 27, 2016 | 02:02 AM

Suncor production recovery after wildfire leads to $392 million net profit

CALGARY - Oilsands giant Suncor Energy is reporting net third-quarter earnings of $392 million compared with a net loss of $376 million in the same period of last year.

The Calgary-based company reports a strong production rebound after second-quarter interruptions caused by the wildfire that swept through Fort McMurray, Alta.

Wednesday, October 26, 2016 | 09:01 PM

Canadian delegation stays put Wednesday as Canada-EU trade pact still in limbo

OTTAWA - A spokesman for the minister of international trade says a Canadian delegation would not be heading off to Europe on Wednesday to sign what would be a landmark trade deal with the European Union.

But Alex Lawrence, the spokesman, says in a release that Canada is ready to sign the Canada-EU trade deal whenever Europe is ready.

Wednesday, October 26, 2016 | 08:50 PM

First Nations filing lawsuits against Pacific NorthWest LNG project

VANCOUVER - First Nations and environmental groups are planning to file lawsuits Thursday against the federal government and Malaysian state-owned oil firm Petronas in an attempt to stop a liquefied natural gas project on British Columbia's northern coast.

The $36-billion Pacific NorthWest LNG project which includes a pipeline and terminal proposed for Lelu Island near Prince Rupert, received conditional approval from the federal government last month.

Wednesday, October 26, 2016 | 08:35 PM

AP News Guide: New phase for Dakota Access Pipeline protests

BISMARCK, N.D. - Police and activists protesting the Dakota Access oil pipeline are in a tense standoff over the activists' occupation of private land owned by the pipeline developer. Here's a guide to the latest developments and key background about the protest:


Wednesday, October 26, 2016 | 07:26 PM

Goldcorp reports Q3 profits compared to loss in the same period last year

VANCOUVER - Goldcorp Inc. (TSX:G) reported profits in the third quarter compared to a loss in the same period last year.

The Vancouver-based miner's net earnings were US$59 million, or seven cents US per share, in the three months ended Sept. 30.

Wednesday, October 26, 2016 | 06:59 PM

Driver and owner of train in Lac-Megantic disaster added to class action lawsuit

MONTREAL - The conductor as well as the owner of the train that derailed, exploded and killed 47 people in Lac-Megantic in 2013 have been added as respondents in a class action lawsuit.

Thomas Harding, Montreal Maine and Atlantic Canada Co. (MMAC), and Canadian Pacific Railway are now the three official defendants, according to a Oct. 24 ruling by Quebec Superior Court Justice Martin Bureau.

Wednesday, October 26, 2016 | 06:51 PM

Judge rejects claim to Prince estate from woman and girl

CHASKA, Minn. - A Minnesota judge says a woman and girl who claim to be Prince's niece and grandniece will not be considered heirs of his estate.

Judge Kevin Eide ruled Wednesday that Brianna Nelson and her niece, Victoria Nelson, are excluded as Prince's heirs as a matter of law.

Wednesday, October 26, 2016 | 06:40 PM

Barrick Gold posts higher third-quarter earnings, raises production forecast

TORONTO - Barrick Gold Corp. (TSX:ABX) reported higher earnings for the third quarter, reflecting higher gold prices and a decrease in operating costs.

The Toronto-based gold miner reported a net gain of US$175 million, or 15 cents US per share, for the third quarter ended Sept. 30.

Wednesday, October 26, 2016 | 06:23 PM

Bains will consider targets if no improvement to diversity on corporate boards

OTTAWA - The Liberal government hopes that proposed legislation requiring publicly traded companies to disclose the gender composition of their corporate boards and senior management will lead to greater diversity, but will consider imposing specific targets if the new measures don't work.

"We want to send a clear signal that diversity is important and you need to explain what your diversity policies are and we feel that will start moving the needle," Economic Development Minister Navdeep Bains said in an interview Wednesday, adding that changes happened when the United Kingdom and Australia brought in voluntary measures.

Wednesday, October 26, 2016 | 05:59 PM